The day's market - July 17, 2007

The market is currently suffering from a liquidity drain because of the coming IPO (GMA) and secondary offerings (VLL and PNB); all in the next two weeks.

PSEi previous close - 3753.26 (July 16, 2007)

time-----------change------------PSEi
9:31---------up 0.21
9:32------------1.19-------------3754.45 (day's high)

After a very weak attempt at a rally, the market plummetted. Investors and punters concentrated on select second and thirdliner issues.

9:34------down 3.91
9:35------------8.18
9:36-----------11.21
9:38-----------12.62
9:57-----------12.97
10:01----------13.34
10:02----------17.64
10:03----------19.29
10:04----------21.93
10:06----------25.10
10:06----------26.10
10:07----------29.40
10:16----------31.04
10:17----------31.62
10:18----------32.30----------3720.96

The market touched a minor support at 3720.

10:22----------30.83
10:22----------34.30----------3718.96

The 3720 level was broken. The market dropped even lower and consolidated below this level in the next hour.

10:24---down 35.84
10:25---------36.59
10:26---------36.88
10:27---------40.49
10:30---------41.20----------3712.06

At this point, the market moved between the 3710-3720 range.

10:32---down 36.90
10:34---------41.72
10:44---------40.01
10:51---------35.92
10:55---------40.45
10:57---------39.93
10:58---------42.01

The PSEi moves below 3710 and tested the 3700 level.

10:59---down 43.60---------3709.66
11:03---------44.15
11:18---------47.15
11:25---------47.34---------3705.92 (the day's low)

The market limits its losses in the last half hour of trading.

11:26----down 45.05
11:31-----------35.53

11:33-----------37.31
11:41-----------36.02
11:51-----------34.98
11:52-----------34.20
11:56-----------33.70
11:57-----------32.89
11:59-----------29.26
12:01-----------23.58--------3729.68 (-0.63%)
Market Close.

Advancers 31
Decliners 91

Value turnover PhP 4.687 bn
Cross transactions PhP 1.326 bn

Sectoral Indices.
Property +1.26%
Services -0.21%
Industrial -0.84%
Financial -1.26%
Holdings -1.51%
M-O -2.59%

TOP GAINERS:
Stock---------Price-------------% up
JOH----------PhP 3.95--------49.06%
FED----------PhP 12.50-------25.00%
PCP----------PhP 0.63--------23.53%
B-------------PhP 5.00---------7.53%
GO-----------PhP 0.33---------6.45%

BIGGEST DECLINERS:
Stock--------Price-------------(% down)
ZHI---------PhP 0.71----------(13.41%)
MHC--------PhP 0.72----------(10.00%)
TELK-------PhP 10.00---------(9.09%)
JTH---------PhP 25.00---------(7.41%)
BKD---------PhP 1.20----------(6.25%)

MOST ACTIVES:
Value turnover
Stock-------PhP value-------Price-------% up/(down)
AP---------PhP 652 mn------PhP 5.50-----(5.17%)
TEL--------PhP 534---------PhP 2700-----(0.18%)
ALI--------PhP 353----------PhP 18.00-----1.41%
Volume turnover
Stock-------no. of shares-----Price------% up/ (down)
PCP---------568 mn---------PhP 0.63------23.53%
IS-----------532 mn---------PhP 0.27-------3.55%
OM---------460 mn---------PhP 0.020-----(4.76%